Distress Sale -- Prime Corner Plot in Lekki Foreshore Estate, Lekki Phase 1, Lagos
500 SQM Corner Piece C of O Title ₦420 Million (Slightly Negotiable) ≈ ₦840,000 per SQM
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Property Overview
- Location: Lekki Foreshore Estate, Lekki Phase 1, Lagos.
- Land Size: 500 SQM.
- Plot Type: Corner Piece -- offering enhanced visibility, dual access, and premium positioning.
- Title: Certificate of Occupancy (C of O) -- expected given estate standards.
- Asking Price: ₦420,000,000 (slightly negotiable).
- Price per SQM: ≈ ₦840,000.
- Status: Distress sale -- motivated seller, priced for quick closure.
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Key Highlights
- Corner Plot Premium: A corner position in the exclusive Lekki Foreshore Estate provides greater design flexibility, more natural light, better ventilation, and higher resale value.
- Distress Pricing Advantage: The "distress sale" tag signals serious motivation, often translating to a below‑market entry price and room for negotiation.
- Estate Security & Prestige: Lekki Foreshore is a well‑planned, gated community with 24/7 security, quality roads, and proximity to Orange Island and the lagoon.
- Ready‑to‑Build: Vacant titled land with no encumbrances -- immediate development possible.
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Market Context
Recent comparable listings in the same estate:
- A 600 SQM standard plot (non‑corner) was offered at ₦800k per SQM (total ₦480M).
- This 500 SQM corner piece is priced at ~₦840k per SQM -- a modest premium for the corner advantage, yet still very competitive given the distress motivation.
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️ Development Potential
- Luxury detached home with extra garden space (corner allows larger setback).
- High‑end duplex or twin villas.
- Boutique residential building (2‑3 units) subject to estate rules.
- Executive guest house or corporate retreat.
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Sale Opportunity
A rare chance to acquire a corner plot in one of Lekki's most desirable estates at a distress price. Ideal for an end‑user or investor looking for both immediate value and long‑term appreciation.
Ideal For:
- Luxury home builders
- High‑net‑worth individuals
- Real estate investors seeking a bargain in a prime location
- Developers looking for a quick, clean title acquisition
Corner position + distress motivation + prime estate = exceptional value.
Slightly negotiable -- serious buyers only.
Property details
Reference ID#351-004-1
Listed byAc Valour International
Property typeResidential Land
Listing statusResidential land for sale
Area guide — Lekki
Lagos
Interesting Facts
Who'd have guessed that Lekki Phase 1, one of Lagos' most luxurious neighbourhoods, was formerly a slum?
Leisure and Shopping
There are several types of shopping malls in Lekki Phase 1 if you want to go shopping. Restaurants, game centres, retail boutiques, cinemas, and other amenities are available at some malls.
Popular Estates
Lekki Phase 1 is a prime location for luxury estates because it is a well-planned residential government scheme. There are a number of private estates within its walls. Almost all of them are gated to ensure the safety o...
Day Life
Due to Lekki's affluent residents, the area has a lot of social hotspots. Weekends are usually jam-packed with visitors from all over who want to unwind after a long week at work. If you're looking to have a great time i...
Night Life
Do you want to chill with the ‘Lekki Big Boys & Girls’? Then go nighttime exploring in Lekki Phase 1. Lagos is known as the city that never sleeps, and the residents of Lekki understand the assignment. They are alway...
Schools
Aside from entertainment and recreation, Lekki Phase 1 provides quality education to its residents. It is home to some of Lagos State's most prestigious schools.
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